$JSEMRP - Mr Price: Bears Still In Control
A technical update from the prior analysis with link below.
The bear market from 24225 went lower since the previous forecast prompting and update of the wave count.
The updated wave count still implies a combination pattern is unfolding, in this case a double zigzag with a triangle wave (X).
The stock is in the later stages of wave C of (Y).
There are no indications of the trend reversing as yet and it is a bit late for me to go short so I will sit on my hands and monitor price action.
The bear market from 24225 went lower since the previous forecast prompting and update of the wave count.
The updated wave count still implies a combination pattern is unfolding, in this case a double zigzag with a triangle wave (X).
The stock is in the later stages of wave C of (Y).
There are no indications of the trend reversing as yet and it is a bit late for me to go short so I will sit on my hands and monitor price action.
